RemSleep Holdings Inc. Files Q1 2024 10-Q Report
Ticker: RMSL · Form: 10-Q · Filed: May 17, 2024 · CIK: 1412126
| Field | Detail |
|---|---|
| Company | Remsleep Holdings Inc. (RMSL) |
| Form Type | 10-Q |
| Filed Date | May 17, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
RemSleep Holdings filed its Q1 2024 10-Q. Check financials.
AI Summary
RemSleep Holdings Inc. filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The company, formerly known as OBICOM, INC., is incorporated in Nevada and headquartered in Clearwater, Florida. This filing provides an update on the company's financial performance and operations during the first quarter of 2024.
Why It Matters
This filing provides investors with crucial financial and operational updates for RemSleep Holdings Inc. during the first quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant risks or opportunities, warranting a medium risk assessment.
Key Players & Entities
- RemSleep Holdings Inc. (company) — Registrant
- March 31, 2024 (date) — Quarterly period end date
- 14175 Icot Boulevard, Suite 300, Clearwater, Florida 33760 (location) — Principal executive offices address
- OBICOM, INC. (company) — Former company name
- Nevada (location) — State of incorporation
FAQ
What is the primary purpose of this Form 10-Q filing?
This Form 10-Q is a quarterly report filed by RemSleep Holdings, Inc. pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, for the quarterly period ended March 31, 2024.
What was RemSleep Holdings, Inc. formerly known as?
RemSleep Holdings, Inc. was formerly known as OBICOM, INC., with a date of name change on June 2, 2014.
Where are RemSleep Holdings, Inc.'s principal executive offices located?
The principal executive offices of RemSleep Holdings, Inc. are located at 14175 Icot Boulevard, Suite 300, Clearwater, Florida 33760.
In which state is RemSleep Holdings, Inc. incorporated?
RemSleep Holdings, Inc. is incorporated in Nevada.
What is the SEC file number for RemSleep Holdings, Inc.?
The Commission File Number for RemSleep Holdings, Inc. is 000-53450.
Filing Stats: 4,661 words · 19 min read · ~16 pages · Grade level 13.5 · Accepted 2024-05-17 17:11:25
Key Financial Figures
- $0 — mpany made cash payments to Mr. Lane of $0 and $ 12,000 , respectively. During th
Filing Documents
- ea0205637-10q_remsleep.htm (10-Q) — 390KB
- ea020563701ex4-1_remsleep.htm (EX-4.1) — 75KB
- ea020563701ex31-1_remsleep.htm (EX-31.1) — 10KB
- ea020563701ex32-1_remsleep.htm (EX-32.1) — 4KB
- 0001213900-24-044806.txt ( ) — 3375KB
- rmsl-20240331.xsd (EX-101.SCH) — 34KB
- rmsl-20240331_cal.xml (EX-101.CAL) — 31KB
- rmsl-20240331_def.xml (EX-101.DEF) — 175KB
- rmsl-20240331_lab.xml (EX-101.LAB) — 302KB
- rmsl-20240331_pre.xml (EX-101.PRE) — 174KB
- ea0205637-10q_remsleep_htm.xml (XML) — 256KB
- FINANCIAL INFORMATION
PART I. - FINANCIAL INFORMATION 1 Item 1.
Financial Statements
Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Plan of Operations
Management's Discussion and Analysis of Financial Condition and Plan of Operations 2 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 5 Item 4
Controls and Procedures
Controls and Procedures 5
- OTHER INFORMATION
PART II - OTHER INFORMATION 6 Item 1.
Legal Proceedings
Legal Proceedings 6 Item 1A.
Risk Factors
Risk Factors 6 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 6 Item 3. Defaults Upon Senior Securities 6 Item 4. Mine Safety Disclosures 6 Item 5. Other Information 6 Item 6. Exhibits 6
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS REMSLEEP HOLDINGS, INC. Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 (audited) F-1 of Operations for the Three Months Ended March 31, 2024 and 2023 (unaudited) F-2 of Changes in Stockholders' Equity (Deficit) for the Three Months Ended March 31, 2024 and 2023 (unaudited) F-3 of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (unaudited) F-4 Notes to the Financial Statements (unaudited) F-5 1 REMSLEEP HOLDINGS, INC. BALANCE SHEETS March 31, 2024 December 31, 2023 ASSETS (Unaudited) (Audited) Current assets: Cash $ 730,625 $ 719,100 Accounts receivable, net of allowance of $ 5,590 and $ 5,590 , respectively 15,994 9,025 Other assets 12,000 8,710 Inventory 85,557 99,147 Total current assets 844,176 835,982 Other asset 10,000 10,000 Right of use asset 150,396 177,796 Property and equipment, net 154,976 182,536 Total Assets $ 1,159,548 $ 1,206,314 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable $ 14,000 $ 37,000 Accrued compensation 60,500 60,500 Convertible note payable, net of discount of $ 94,111 48,889 — Derivative liability 201,263 — Accrued interest 3,213 — Operating lease liability – current portion 138,659 134,438 Total current liabilities 466,524 231,938 Long Term Liabilities Operating lease liability – net of current portion 14,904 43,676 Total Liabilities 481,428 275,614 Commitments and Contingencies — — STOCKHOLDERS' EQUITY (DEFICIT): Series A preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 5,000,000 and issued and outstanding 5,000 5,000 Series B preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 500,000 shares issued 500 500 Series C preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 2,000,000 issued and outstanding 2,000 2,000 Common stock, $ 0.00